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today, it's about politics, too. at issue, whether big spending cuts should be locked in before the government is allowed to borrow more money to pay it bills. president obama held his second news conference in a week tells you the biggest headline. there is no deal. so the politicians from the president on down are trying to prove they're the one most looking out for you. >> it would be very helpful for us to be able to say to the american people our fiscal house is in order. >> the president wassed a today month that it's impossible to get a deal unless and until the republicans agree to raise some taxes. in turn, republicans say that before he spends anymore time lecturing them, she stop giving press conferences and put his proposals down on paper. but in the hunt for specifics, it is crystal clear the president is not ready to take the lead. >> if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. >> a lot of questions tonight about where this is heading and how it will impact you. the president's initial deadline, tonight, w
and hang seng closed down. let's go to kristie lu stout. what's the big headline this morning, kristie it's all a ar w rows down. the yen soon as a safe haven continues to rise. meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well bei
aren't paying as much attention to it, but it has big news over in the uk. hugh grant among a lot of people who say their phones were hacked by journalists. richard, you talked to him, what did he say? >> reporter: it's interesting, you say. the scandal is large, it's growing. the british government today said that there would be a public inquiry when the police are finished investigating. rupert murdoch, who owns the newspaper, by the way, it's this newspaper we're talking about, it's call "the news of the world," the normal rumor and gossip all dressed up with scantily clad ladies. when they started wholesale hacking of voice mail, it went into a different league. particularly, it was celebrities, it was stars, and now it's being dead murdered girl's voice mails and the patient parents of bomb victims and the like. when i talked to hugh earlier today, he said it's time to stop, it's time to say these newspapers, enough is enough. >> well, it began with just personal grievance, because i was a victim of phone hacking. and then i had this extraordinary piece of luck, where i ran i
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
have a big stake in is apple, of course. steve jobs has done an extraordinary job there. their recent profits were just astronomical again. obviously, they're a big global company, and they've aggressively marketed in countries all over the world. do you think america's doing enough of that? do you think it's time they went back to designing, creating, and building things they can sell to the world exactly as apple is doing so successfully? >> well, clearly, apple is a role model of the american innovation whereby it produced all these products -- ipod, iphone, ipad -- that is really now dominating all the technology arena in the world. clearly, apple is a role model, and i believe the united states, with all its problems, is down but for sure is not out. i hope that an awakening happens in the united states whereby to go back to the roots of the main success of america, which is innovation and encouraging more ideas and more thoughts to be integrated in the u.s. system. >> are you concerned at all about the succession plans at apple given the ongoing situation involving steve jobs' h
heated yesterday between obama and eric cantor. while they bicker, the big three credit rating agencies are warning the aaa bond status could be at risk. the debt ceiling deadline, as you may know, is august 2nd, but the president set tomorrow for the deadline to see if a grand bargain is possible, if not a bare bones bargain. if not, payments to critters, bill payments, you name it, there is not enough income to cover all that. every month we come up $125 billion short. if we cannot borrow to bridge the cap, 40% of the monthly obligations could not be paid, and that could include social security checks due to go out on august 3rd. the stakes we just laid out are monumental, so both sides have to give ground and risk their jobs for the good of the country. what is so hard about that, right? joining me with their insights on conflict resolution are cnn contributor, pete dominic, and family law attorney, mrs. winestein. what does it take for two entrenched parties to agree on a deal that both need? >> well, you know, the obvious is that you take the emotion out of the room and you try to
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
in iowa. she basically kicked off her bus tour in iowa today. so this is going to be a big deal for her and her supporters who are here. and later she's going to be going to an iowa cubs baseball game and talk to supporters and voters there as well. >> so she's on a bus tour, is it all iowa all the time this weekend? where is she going? apparently shannon can't hear me, we'll get back to shannon travis, he's reporteding for us live in iowa. >>> a political note for you, the presidential seal fell off the white house limousine this weekend while he was on his way to the airport. a philly police officer found the seal alongside route 76, he returned to the secret schlts. >>> closing arguments set to begin tomorrow in the murder case that has millions watching. what you can expect. the lawyers to say and what our legal expert thinks of the verdicts, we'll have that for you straight ahead. >>> also more on dominique strauss-kahn and the case against him that seems to be unraveling. is he a guilty man or is he a victim here? we're asking our expert. >>> and the royal wedding that took place
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
a big jump in income, but the extra money coming in didn't mean approval. >> the reason i was told that i was declined, because too big of a disparity between my 2009 and 2010 income. >> the bank is looking for steady income flow, and that self-employed person cannot show that now. >> when the housing market went bust, lenders pulled back, over compensating and tightening their lending standards. in fact in today's market almost a quarter of all mortgage applications are denied. >> we were too lenient in the early 2000s, and too tight right now, and we need to find somewhere in the middle. >> do you think at some point you will give up and not go through this? >> yeah, that entered my mind a couple times. >> as for the lender, prosperity mortgage says privacy laws dictate we protect the personal information of all individuals so we are unable to comment on the specific case. but the story ends well, they found another lender to give them a loan. but you need to be prepared to work through a difficult process. alison, we heard donovan say it should be easier for folks buying a home.
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with the cafferty file now. people can watch you stream on a mobile device, an ipad, jack. this is great. >> i have no idea what that means. but i'll trust you. >> it's really good. >> republican congresswoman michele bachmann is a rising star of sorts in a lacklustre to say the least field of gop candidates who hope to challenge president obama next year. bachmann came out on top in three separate polls of likely iowa republican voters last week. go figure. my shael bhaukman's husband marc marcus runs a christian counseling business. former clients say he encourages homosexual patients to try to change their sexual orientation, or at least oppress it. it's called pray away the gay. in an interview, marcus bachm
of washington's impact. but mining stocks with big drags here. we have rio tinto. financials fell. >> you know, ramy, we've been so preoccupied by what's happened in washington that sometimes it's easy to lose sight of the fact we are in the midst of earnings seasons. we've had reports across the region. >> nintendo, they slashed their full year's forecast earnings by a whopping 82%. that's because gamers aren't so interested in their handheld 3-d game players which came out five months ago. that would be the 3-ds. that's the biggest fall in the past two decades. you're looking at a year to date. nintendo share prices dropped a whopping 47%. it's a similar story, not so bad for sony. they cut its profit estimate for the year by about 25%. this was yesterday. that's because of weak demand for tvs like this bravia over in the u.s. and europe. sony's share price year to date has also dropped by about 35%. but, you know, it's not all doom and gloom. they say its net income surged to about $1.31 billion. this is for the six months to may. forecasters had been -- forecast had been for earnings for a
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
when a big storm blows through and the entire stage collapses. we're going to talk to a man who was standing behind the drummer taking pictures when this whole thing happened. stay right there. lutions from d, every patient file is where dr. ling needs it. now she can spend more time with patients and less time on paperwork. ♪ dell. the power to do more. when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing. >>> the take away seems to be less than a dozen people had mostly minor injuries. so, david frye is cheap trick's manager, he's still standing behind there in ottawa. david, i know you were onstage, were you behind the tropicaler taking pictures, you described this as complete pandemonium, talk to me about it, what were you thinking? >> basically we were told a storm was coming in and they kind of prepped the stage for that, got a lot of people
played out today? >> in a word, no. this is one of the most extraordinary days in the history of big time criminal justice in the united states. the head spinning pace of events and the rapid turn around in the fortunes of the sides in this case. is like nothing i've ever seen before. and it looks like this case is going to end with a dismissal of the case at this point. it's hard to imagine how there could be a trial at this point when the prosecution has essentially described its main witness as a something close to a compulsive liar. >> i want to hear now from the alleged victim's lawyer, jeffrey. claiming prosecutors have turned on his client. let's listen to this then i want to ask you about it. >> now, it is a fact that the victim here made some mistakes. but that doesn't mean she's not a rape victim. and so all of this stuff that they leaked to the "new york times" was designed to discredit this woman. and i spoke to her a little while ago. and through her tear, through her hurt, she asked me, why did they do this to ni me? and i said, i don't know why. and now, she is determined.
that big fella over there. cost way less than i ever dreamed. i don't tell my friends just how affordable it is cus to them i'm still the big roller, the big cheese, ya know? oh, emmitt. baby, what you doing? y-y-yeah! [ clears throat ] [ deep voice ] yeah, babe. in a second. takin' care of some business. it's surprising just how affordable an rv vacation can be. gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. unlike fish oil, megared softgels are small and easy to swallow with no fishy smell or aftertaste. try megared today. >>> well, while they get down to work and finish lunch as the case may be, i want to bring in richard herman, who has been watching the casey anthony trial closely. richard, did the prosecutors prove their case? before you answer that question, i thought there were very powerful points made in the closing. the duct tape was incredible. you could not not listen to the duct tape. >> the three strips of duct tape, that's how you know it was murder. it was intentional, because it was three strips, not one. and that was very powerful. and
♪ charlene. she married prince albert friday, but the big share money is today. >>> the protests this week could not stop georgia's anti-immigration law. it may already be working. some say that is a huge problem for the state's largest industry. >>> how would you like to tell your boss, hey, i'm too tired to work today. that is a legitimate excuse to get out of work for the day. that is part of new rules to keep air traffic controllers awake. i'm t.j. holmes. thank you for being here. new video of dominique strauss-kahn. look at him here smiling as he heads out for a night on the town with his wife. this was happening just hours after a judge released him from house arrest. the former head of the international monetary fund is accused of sexually assaulting a hotel maid. there were problems with his accuser's testimony. we have susan candioti with more. >> reporter: prosecutors laid it out for the court and defense. they turned up troubling lies by the maid. among them, her stories changes after strauss-kahn allegedly assaulted her in his hotel suite. she first waited in the hal
to look at it. if i can dial out for a minute and give you a big picture perspective, despite this tit for tat and all this political spinning going on, there is still a meeting scheduled at the white house tomorrow, as far as we san antonknow, all sides are planning to come here and they will be discussing detailed spending cuts and for the first time, this discussion of tax changes. will there be revenue on the table, a major controversial issue. despite all this, there could still be potential progress towards one of these deals tomorrow. we'll see. >> you answered my last question. we'll check back with you later on. they might want to start with decaf tomorrow. >> let's go to our top story now. this is an important thing for all of us to be aware of. this in-depth look at the rupert murdoch scandal as it begins to reverberate in america. we thought it might and indeed it has. murdoch withdrew his bid for bskyb amid the most disturbing allegations that emerged. according to a british paper, journalists from the news of the world approached a new york private investigator to buy pho
they were thinking and what they were thinking, and also casey anthony, the big question, where does she go now. what is her home now? thank you so much. everybody thank you for joining us. more coming up. brook baldwin taking over. we're swapping out the chairs. >>> casey anthony found not guilty of first-degree murder and not guilty of aggravated child abuse and not guilty of aggravated manslaughter. they did find her guilty of providing false information to a law enforcement officer. tremendous verdict here. we have a lot coming up in the next hour, and i have guests with me, including holly hughes, a criminal defense attorney. we will walk through what happens next to casey anthony. we look at the pictures here of a massive crowd outside of this orlando courthouse. as reaction is beginning to pour in, we heard from members of the defense team a short time ago saying there are no winners here, saying this is disgusting with media assassination and how casey anthony has been regarded here for years here, and i want to bring in holly hughes as we go back to and reset for the people that ju
. >>> and this is an ipad for $69. the big mistake that had people thinking they had gotten the bargain of the year. >>> i want to start with another apology today. this from rupert murdoch. responding to the hacking scandal from the u.k. what this shows you, this tape, it is murdock going into a meeting with the family of the murdered british teenager. it was that teenager's hacked voice mails that sparked the outrage into the scandal. listen. >> shame on you. shame on you. shame on you. shame on you. >> mr. murdoch, will you tell us what you said to the family? >> if you just keep silent for a minute. it was a totally private meeting. >> keep your head down, mate. >> i'm the founder of the company. i was appalled to find out i apologize. i have nothing more to say. >> nothing more to say at that moment. he did have more he went on to say. murdoch posted an ad in several british newspapers. he said, "we are deeply sorry for the hurt suffered by the individuals affected." the news of the world was in the business of holding others to account. it failed when it came to it self. rebekah brooks oversa
. >>> people love their cars, traffic jams are part of the daily life, but this weekend, the closure of a big chunk of the 405 freeway is causing added worry. it is shut down for a construction project. and residents are so worried they're calling this carmageddon, but so far, we're not seeing it. no gridlock. let's bring in cnn's kareen wynter who is above the 405 there. and we know ten miles of the 405 is closed, so no traffic there. what about everywhere else? >> reporter: everywhere else from our viewpoint all looks good. now a short time ago, we checked out some of the alternate routes officials were encouraging the public to take. it's really, really quiet right now. we saw a lot more people on bikes, pedestrians, people walking their dogs than we did people in their cars. one of our photographers -- our producers, rather, michael kerry took a picture on the other side of town near the pacific coast highway. usually an extremely congested area this time of year really any time. and that was another alternate route that officials were encouraging people to take if they were headed to l.a
place than does greece. greece has two problems. first, it has a big budget deficit and markets have lost faith that it can ever repay its loans. second, it is an unproductive economy and cannot generate enough economic growth over the next few decades. in economies, degree has a liquidity problem but also a solvency problem. the united states, by contrast, does not have a solvency problem. the american economy remains one of the world's most competitive with many of the fastest-growing companies in most of the advanced industries. it houses the best capital markets in the world, the greatest universities, the most dynamic society. america is demographically vibrant thanks to immigration. it will be the only rich country that will see its population grow over the next 25 years. america could face a liquidity problem, that is it could have difficulty financing its debts and deficits if markets lose faith in it, again, let's be clear. this has not happened yet. in fact, right now, the world is lending to america more cheaply than ever before. the most important difference between greec
, you know, her not testifying to all of the things that was promised is big, and the jury is going to want to know why. >> jane velez-mitchell, you have been there covering the trial since the beginning and watching for the last couple of weeks up close and personal. >> well, they can get in something based on a reasonable inference, so i believe that is going to be a source of contention. i believe you will hear a lot of objection from the prosecution tomorrow, because jose baez has a track record of trying to sneak things in with inference, and asking questions that he knows are going to be objected to, and that objection is going to be sustained, and he doesn't care. he does it anyway. but the rules are, again, that you cannot discuss facts not in evidence, so jose baez should not be able to say, little caylee drowned accidentally in the pool, as he did in opening statements, but he might be able to say, we saw evidence that little caylee was capable of getting into that pool herself and cindy testified that she believes that the pool ladder was left in a position that would hav
a crime. it has been a rape or an attempt of rape. it is a big crime, and it will have to be punished. >> simon schama, in his column at "the daily beast," bernard henri-levy said this is like ropes spear. you wrote a book on the french revolution. do you think there's any -- >> i can understand bernard's passion about that, but as we know, the guillotine was the conclusion of that. that's not exactly what happened to dominique strauss-kahn. what i wanted to say to bernard and the discussion is that much of what he says i share, but i think it boils down to this kind of very lurid relationship between the tabloid press and the nature of criminal prosecution, spectacular. criminal prosecution or criminal apprehension, potential criminal apprehension, as a kind of public spectacle. >> like the casey anthony trial. >> yes. exactly. there is something in american public life, actually, which assumes it not to be problematic, actually, to make it a show before any guilt is necessarily proven. >> you have this tendency, also in france, and it was even more severe and as severe concerning fr
to a default or to a downgrade. suzanne? >> that's a big deal. alison, it's been really hot. really, really hot this summer. what if your favorite drink disappeared from the stores. here's what is happening in minnesota. their budget crisis might actually turn into a beer emergency for some folks. a beer emergency. because the state has shut down and nobody is there to renew the permits and blue moon, you name them, so, you know, that's what they are dealing with there. you might have to switch to buzz wiser. i don't know what you drink. what do you drink? >> i'll go right to the hard stuff. to tequila. >> oh, geez, that's not supposed to be the solution here. go to the hard stuff. we'll see what happens. we will see what happens. but that's just one of the many things that we're looking at when we talk about this economic crisis that is turning into a beer emergency. alison, don't do that hard stuff. >> all right. okay. >>> here's a reminder to vote for the story you'd like to see. you can cast your vote by texting 22360. text 1 for crack down on china, homemade guns flooding on to the streets
. is that realistic at this point. >> well, in terms of getting that big agreement, it looks highly unlikely at this point, but certainly as you pointed out, the president joking that his campaign was built on hope and change. it will be interesting to see if that hope will also win out in this debate. but, look, what the president is pushing for still is the biggest deal possible. he acknowledged, though, that it's hard to do that, but nonetheless, he has been telling congressional lawmakers during negotiations all this week that if they can't get the biggest deal possible to attack the problem of the debt and the deficit over the long term, then they should still be ambitious. >> we are obviously running out of time, and so what i have said to the members of congress is that, you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can think about and show me a plan in terms of what you're doing for deficit and debt reduction. if they show me a serious plan, i am ready to move. even if it requires some
shows how big this struggle is right now. >> it's adding fodder, too, for the comedians. take a listen. >> our government is days away from being broke. congress' latest plan is to see how much cash they can get for john mccain on antiques road show. 33 soldiers from the mexican army were allowed to return to mexico yesterday after they accidently crossed the border into america. did you hear about that some heart. think about it. things have gotten so bad in in country that people are only crossing the border now by accident. according to a recent survey, this year kids are receiving an average of 40 cents less under their pillows from the tooth fairy. enmake believe people are feeling the pinch. >> i don't know, he tried, don't you think? >> i tell you, this crisis is giving late night com he cans a lot of fuel, but unfortunately, it's not a laughing matter. so hopefully something will happen this weekend. >> all right, we'll be paying close attention. all the comedians, as well. >>> a new report now mentions that there is one american company with more money on hand than the governm
it's global issues. and i want to get to that, but let's talk about some of the big issues right now. jobs, jobs, jobs. it's a crisis, a game of chicken going on in washington right now between the president, the did democrats on one side, republican leadership on the other side. how big of a deal is this august 2nd deadline for raising the debt ceiling? >> well, because i haven't been in government in a long time, i don't know what options the treasury department will have if the debt kreceiling is not lift. my guess is they can pay the bills for a while, after which they won't be able to. so if we let that deadline come and go and we really raise questions about when or political system is mature enough even to pay its bills, i think it's trouble. i realize the idea of voting against raising the debt ceiling has always had great appeal to people. even in good times, a bunch of people vote against raising it because it looks like a free vote. >> when he was senator, president obama didn't vote to raise the debt ceiling. he regrets it now. >> but, you know, when you're not president
to almost 25% of gdp. and they feel that the democrats have an ideological commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table and if as you say the president could have brought nancy pelosi along -- i agree with you i think he could have -- the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to $1 trillion of tax increases is an awful big deal for a party that all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually end up getting what they wanted and what they wanted never materializes. >> there's a big difference between that and nothing. >> i agree. [ overlappi
-khan's lawyers. and the big thing here, he said regardless of any credibility issues, as richard was just outlining there, his client was raped, pure and simple. and this is graphic stuff. i want to play some sound, richard roth, let's listen together. >> the only defense that dominique strauss-khan is that this sexual encounter was consensual, that is a lie. he grabbed her vagina with so much force that he bruised her vagina. when she went to the hospital later that day, the nurses who examined her saw the bruises on her vagina that were caused by dominique strauss' hand, and they took pictures of the bruises on her vagina, and the district attorney has those pictures. when dominique strauss-khan threw the victim to the floor, he tore a ligament in her shoulder, that is a medical fact. dominique strauss-khan ripped her stockings. there are holes, rips, in her stockings, and the d.a. knows that. when she was on her knees and he was sexually assaulting her, after he finished, she got up and started to run for that door. and started spitting dominique strauss-khan's semen out of her mouth i
now. big holiday weekend. you have the eye on the weather but also fireworks. isn't it illegal --? >> some states, depends on where you are. some states in our country where you can have almost like an arsenal, shoulder rocket missile and hey, fourth of july, let's go. you have to use common sense out there. we tell the story every year of people getting out there being careless and get hurt. supposed to be a festive wonderful holiday but people get a little careless, according to the u.s. consumer product safety commission there were three fireworks related deaths and again, it happened all last year. more than 8500 people had to be taken to the emergency room because of firework injuries. some of the tips to prevent things from happening to you or your family. >> and this is amazing to hear 8500 people are injured with fireworks. but here are some of the things. kind of common sense don't allow young children to play with or ignite the fireworks. always have an adult supervise the fireworks activities. sparklers seem innocent enough but can be dangerous as well. burn at high
's your policy? ♪ i look all tough and uncaring. but when i see an rv roll in with a big family... well, it fills my heart. but, as affordable as it is, it just makes sense to get everybody up and go on a vacation together. whoa, i didn't mean all of us. [ boy ] it's surprising just how affordable an rv vacation can be. see for yourself at gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. >>> the housing crisis has millions of homes sitting empty. in what has to be one of the best buyers markets in decades? why aren't people buying? a lot of times they can't get a mortgage even with good credit. for gary and his fiancee, the moment they saw this house they knew they wanted it, but for this couple, the buying process became a love/hate relationship. >> i was stunned when i got the news. >> reporter: a week before his closing, he found out his mortgage was denied, even though he put 20% down and had a top notch credit score. >> you have an excellent credit ? >> yes, my credit was exceptional, over 800 according to one bureau and in the high 700s according t
a deal, it starts to weaken the white house i guess. >> reporter: a big deal of deficit reduction obviously is feeling very elusive and chances of doing something like that seem to be very slim at this point. in terms of the debt ceiling, they are very much relying on a plan being worked out by senators reed and mcconnell, top democrat and republican in the senate, to move something forward so the senate can take a lead and the house can then follow suit maybe making some changes. i think right now that's the best hope. i do want to tell you looking at the president's schedule today, it's mighty bare. his normal presidential briefing and meetings with senior advisers but certainly there's a lot of room built in there for any sort of communication he needs to do with congress. >> right. there was talk they are working through the weekend so they are doing everything possible to come to an agreement. >> over night too. >> u.s. and libya hosting secret face to face talks since the libyan conflict began four months ago. the point of the weekend meeting was to send a clear message to m
, it doesn't really move much and when you see that big ridge overhead, you see that ridge as far south as dallas, texas. we're also tracking some stormy weather, if you're driving from alabama to florida, you know what i'm talking about, these storms have popped up and they are intense over southwest georgia and they are intense in the baton rouge area, as well as new orleans. i know it's a great break from the heat, but these storms can be severe at times, watch out for heavy downpours as well as frequent lightning strikes. >> with this kind of heat, all the more reason to stay inside too. maybe catch a movie this weekend? a big hit this weekend, of course harry potter and the deathly hollows. already it has set one box office records and it may turn out to be the most popular harry potter movie of all. of all the previous harry potter movies, which brought in the most cash? was it harry potter and the sorcerer's stone, the goblet of fire or the order of the phoenix? for broccoli, say one. for toys, say two. toys ! the system can't process your response at this time. what ? please cal
as 40,000 dead in the last four years. this shocking reality has made it's way on the big screen with a new genre called narco movies. in this movie called "high-powered people," a drug lord and an associate discuss alliances. the violence in their movies pales in comparison to reality. >> translator: we're not even close to reflecting reality. can you call our movies soft because we don't show as much blood and killings. we just try to give people what they want. >> reporter: the english translation of the movie titles are very revealing. the bough so the film makers say they make sure the screen plays don't rub any of the cartels the wrong way, and it's a kinds of self censorship that keeps them safe. >> translator: we deal with these issues in the best way possible. we're not afraid they will come after us because we behave. we do things the best we can and so far we have not been threatened by anybody. >> rafael romo joins me now. is anybody concerned about the glorification of what the cartels are all about? >> there is great concern. the movies are not yet mainstream in mex
big blind spots in the prosecution's case that their trying to exploit here and letting the jury know if you have reasonable doubt you have to find her innocent. >> david, we get a sense, as you said, the jury is starting to fidget what about the judge? he said, listen, i've had enough of this. what about him? looking at him personally and close up. tell us about that. >> we have heard him say more than once enough is enough. he's proved to be very stern with his warnings. he's also been in the moment. he was in the moment this time calling a very abrupt end to the proceedings when one person got angry and called the other laughing guy. he admonished both of them. he makes it clear he is in charge in there. he's very concerned about what the jury sees and hears because the last thing he wants in this case, particularly at this late hour, is something that would cause a mistrial. >> what about casey? >> casey anthony herself has been emotional many times today. one time when the defense was talking about what a good mother she was. she got very emotional then. she got emotional at time
he is the big front runner when it comes to the money race. he's expected to announce somewhere in the neighborhood of 15 to $20 million in the first quarter in fundraising. that's not as much as he raised back in the 2008 period, but not too shabby for mitt romney. >>> thanks. a reminder for all the latest political news go to our website cnn politics.com. >>> let's celebrate the 4th a couple days together. we'll have beer and barbecue and hit the road. >> we'll be celebrating here at cnn. >> we're patriotic to our job. >> live from studio 7, i'm suzanne malveaux. >>> the case against former imf chief dominique strauss-kahn may be falling apart. he has a quickly called court hearing. that is happening in 30 minutes. sources say prosecutors will outline significant credibility issues with strauss-kahn's accuser, a maid claims that strauss-kahn sexually assaulted her six weeks ago in his new york hotel suite. >> even with dna evidence, the prosecution is considering dropping the case. that shows how bad her credibility may be, that even with dna evidence, they may not be able to
economic system in the world and saying what on earth is going on? how has it got so bad? the really big fear ultimately is that there is some sort of accident. basically, a vote doesn't take place. somebody loses, and somebody doesn't turn up, and ultimately a technical default actually happens. now all the rating agencies have pretty much said we accept if there is default, it will be short lived. this is a case of won't pay, not can't pay. randi, these are delicate times and certainly the global economy is in no fit state for these sort of shaw than begans. >> how significant is it if the rating slips? >> it's significant because it's just like our credit rating on our credit cards. if you are lower down the scale, you have to pay a higher interest rate or you may not get as much credit. if the u.s. loses it's aaa rating, and it's only one of a handful of countries, an kcanadd australia, two of the others that never defaulted, if they lose their aaa rating, then the government has to pay more for its money. i suspect the aaa would come back quickly, but the damage would have been done
can describe it. i lost my breath and a few tears. and it's indescribable. >>> back to the big news in the nfl this morning. the owners and players have now agreed on a deal. it's not just the fans that are cheering but you've got businesses in every city with an nfl team that are sooighing wit relief here. david mattingly joining us. tell us what this means because it goes much more beyond the game. >> you look at the nfl. they have $9 billion in revenue. when you look at each individual city, take atlanta, for example, they had two preseason games last year and eight regular season games. that brought in $56 million into the economy. so you can see that in just about every nfl town everywhere there is a game going on. you were talking about all the people who work at the games and everything like that. >> sure. >> these teams have a lot of people depending on them getting on the field. that is about to happen. we got confirmation today that we will have a vote from the players union today. they're going to be taking it to, first, the players' representatives. >> okay. >> the repre
. ♪ >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. [ female announcer ] imagine skin so healthy, it never gets dry again. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. >>> a new york judge today released dominique strauss kahn from arrest saying the accuser lied about her background and facts of the case. the indictment against the former international monetary fund chief still stands, at least for now. prosecutors acknowledge they have doubts about the allegation that strauss kahn sexually attacked a maid in a luxury hotel back in may in new york. all the lawyers involved, they put their respective spin on what ha
! ♪ h-o-t-w-i-r-e... ♪ hotwire.com >>> no progress reported tonight on the big deficit reduction talks at the white house. with that, this warning tonight from moody's investor service. the federal government could lose its top of the line credit rating if the white house and congress can't agree on a plan to increase the nation's debt ceiling, meaning allow washington to borrow more money to help pay its bills. that warning came just a few hours after this sober math lesson from the fed chairman ben bernanke. since the government borrows 40 cents of every dollar it spends, a fall you'ilure to increase washington's credit limit would require a 40% cutback in spending. >> significant cuts in social security, medicare, military pay, or some combination of those in order to avoid borrowing more money. >> now that sounds ominous, but some conservatives think the catastrophe scenarios are exaggerated. >> if congress fails to raise the debt ceiling by $2.5 trillion, that somehow the united states will go into default, and we will lose the full faith and credit of the united states. that is s
and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how you read that, it's clearly an increase in tensions on day three of these debt negotiations with no sign of real progress with the clock ticking. and i do have it confirmed that this president really did say -- >> part of president obama's plan that he's been very kind of calculating in the way he's gone about these talks, intimating or letting the republicans talk about spending cuts and then only later on really being aggressive and pressing for revenue razors for tax increases down the road. how does the white house respond to that? is there any truth to that from the white house perspective? >> well, look, if this were part of plan he'd have a deal by you because no president wants this kind of debt threat hanging over their head. he cannot benefit from having any kind of default at this point in his presidency. so you could accuse the white house of playing tactics instead of having a strategy. you could accuse the president of going out and u
is not only limited in the u.s., but also in europe. we cannot say the u.s. is not powerful now. as a big u.s. debt-holder, china will for sure be affected. >> reporter: and in australia, too. >> it makes it much more expensive for tourists to visit australia. those parts of our economy exposed to the tourist sector, we've spent a lot of money promoting australia overseas, are not going to benefit from that. >> reporter: in tokyo some economic experts see history repeating itself. they compare the current u.s. debt crisis to japan's crippling recession of the 1990s. >> it's the exact replay of what we went through in japan 10, 15 years ago. >> reporter: however the debate plays out in washington, experts say the financial ripples will be felt around the world. >> it's an issue that really is lurking in the background of each and every economy of the world. >> reporter: jonathan mann reporting. >> so what will it take to find a solution to our debt crisis? all the hurdles and options are broken down. don't miss "get it done" sunday night, 9:00 eastern time only on cnn. >>> turning overseas n
people who come here for our education opportunities. it's a big mistake. that is the natural resource of all natural resources, the most important of all, what's up here, ideas, ingenuity, for sight, all of that. as canada is being, we ought to be a place they all want to be and come on over, we need you. what would we be without immigration? think of who would never have become an american without immigration. that's who we are, thank goodness. >> powerful words. david mccollough. thank you. we will be right back to talk about a time when america and americans were fascinated by france. david mccollough's new book when we come back. ♪ ♪ ♪ [ male announcer ] more people are leaving bmw, mercedes, and lexus for audi than ever before. ♪ experience the summer of audi event and get over 130 channels of siriusxm satellite radio for three months at no charge. isn't some optional pursuit. a privilege for the ultra-wealthy. it's a necessity. i find investments with e-trade's top 5 lists. quickly. easily. i use pre-defined screeners and insightful trading ideas to dig deeper. work smar
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